Tanzania to issue telcos with separate licences for mobile money platforms

Telecoms

Tanzania plans to issue separate licences to mobile phone companies running money transfer services in a move to secure customers’ interests.

The unbundling of mobile money from telephone companies is expected to come into effect from next year, after telcos filed applications to form new subsidiaries to comply with a July 1 ultimatum issued by the Bank of Tanzania.

Tanzania becomes the first country in East Africa to require a curtain wall between money transfer and mobile phone services. To read the full article in The East Africa please click here: